Had a medical procedure about a month ago. After insurance it was about $800 I had to pay out of pocket. I paid with my HSA and got a refund check for about $500 yesterday. Can I put that money in checking/savings or do I have to put it back in my HSA?
Paid for a medical procedure with HSA and got a refund. Can I deposit that money into my checking or savings account?
byu/TraditionalShoe9916 inpersonalfinance
Posted by TraditionalShoe9916
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If you don’t return it or use it for another qualifying medical expense with that money (not additional HSA money), you need to return it to your HSA or you will pay taxes and penalties on it. Ask your HSA administrator how to do a return with a refund from a medical provider.